Dover DOV underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Dover, revealing an average target of $180.56, a high estimate of $205.00, and a low estimate of $153.00. Surpassing the previous average price target of $167.62, the current average has increased by 7.72%.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils how financial experts perceive Dover. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bryan Blair | Oppenheimer | Raises | Outperform | $187.00 | $177.00 |
| Andrew Kaplowitz | Citigroup | Raises | Buy | $205.00 | $180.00 |
| Julian Mitchell | Barclays | Raises | Equal-Weight | $180.00 | $163.00 |
| Michael Halloran | Baird | Raises | Outperform | $185.00 | $175.00 |
| Michael Halloran | Baird | Raises | Outperform | $185.00 | $175.00 |
| Walt Liptak | Seaport Global | Announces | Buy | $190.00 | - |
| Julian Mitchell | Barclays | Raises | Equal-Weight | $163.00 | $150.00 |
| Deane Dray | RBC Capital | Raises | Sector Perform | $153.00 | $146.00 |
| Bryan Blair | Oppenheimer | Raises | Outperform | $177.00 | $175.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Dover. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dover compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Dover's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Dover's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Dover analyst ratings.
About Dover
Dover is a diversified manufacturer and solutions provider delivering equipment and components, consumable supplies, aftermarket parts, software digital solutions, and support services. It operates through five segments: engineered systems, clean energy, and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
Dover: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Dover's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -1.56% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Dover's net margin excels beyond industry benchmarks, reaching 14.07%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.96%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Dover's ROA excels beyond industry benchmarks, reaching 2.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Dover's debt-to-equity ratio stands notably higher than the industry average, reaching 0.72. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
